Oanda vs XM 2026: which is better?
We compared Oanda and XM on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- Oanda holds 7 licences from strong regulators, against 0 for XM.
- The minimum deposit at Oanda is $0, against $5 at XM.
- Oanda offers TradingView, Web Trader, which XM does not.
- XM offers a swap-free Islamic account; Oanda does not.
Comparison table
| Comparison table |
Oanda
Broker
|
XM
Broker
|
|---|---|---|
| Licences | FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG) Best | FSC |
| Minimum deposit | $0 Best | $5 |
| Maximum leverage | 1:888 | 1:1000 |
| Trading platforms | MetaTrader 4, MetaTrader 5, TradingView, Web Trader, Mobile App | MetaTrader 4, MetaTrader 5, Mobile App, XM App |
| Markets | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices | Forex, Stocks, Commodities and Gold, Indices, Exchange-Traded Funds (ETFs) |
| Islamic account | — | ✓ Yes |
| Demo account | ✓ Yes | ✓ Yes |
| Copy trading | ✓ Yes | ✓ Yes |
| Founded | 1996 | — |
| Read the review | Read the review |
Data is for information only and may change; always check the official website before opening an account.
Add a third broker to the comparison
Choose Oanda if you
- want more licences from strong regulators
- want to start with less money
- use TradingView, Web Trader
Choose XM if you
- need a swap-free Islamic account
Frequently asked questions
Which is better, Oanda or XM?
We compared Oanda and XM on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. Oanda holds 7 licences from strong regulators, against 0 for XM. The minimum deposit at Oanda is $0, against $5 at XM. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are Oanda and XM regulated?
Oanda licences: FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG). XM licences: FSC.
What is the minimum deposit at Oanda and XM?
Oanda: $0. XM: $5.
Do Oanda and XM offer an Islamic account?
Oanda: No. XM: Yes.